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China's super rich got $1.5 trillion richer during pandemic: report

Bejing - China's super wealthy have earned a record $1.5 trillion in 2020, more than the past five years combined, as e-commerce and gaming boomed during pandemic lockdowns, an annual rich list said Tuesday.

2020 list of UK's richest shows first fall in wealth in decade

London - Britain's wealthiest people have lost tens of billions of pounds in the coronavirus pandemic as their combined annual wealth fell for the first time in a decade, the Sunday Times reported in its Rich List 2020.

Dwayne Johnson returns to top of Forbes best-paid actor list

Los Angeles - Dwayne "The Rock" Johnson has reclaimed his position as the world's highest-paid actor, according to a Forbes rich list otherwise dominated by the cast of Marvel's record-breaking "Avengers" films.Former professional wrestler Johnson raked in $89.

Disney heiress says income inequality has created a 'superclass'

Disney heiress and film director Abigail Disney said wealth inequality has made it impossible to achieve the American dream, like her great uncle Walt Disney did,in a June 24 interview on "CNN Tonight."

World's 26 richest own same as poorest half of humanity: Oxfam

Davos - The world's 26 richest people now own the same wealth as the poorest half of humanity, Oxfam said Monday, warning that "out of control" inequality is stoking popular anger and threatening democracies.

The CEO behind 'Fortnite' is now worth over $7 billion

The man in charge of the company that makes "Fortnite" is now worth over $7 billion. Epic Games CEO Tim Sweeney is No. 194 on the Bloomberg Billionaires Index of the world's 500 richest people.

Op-Ed: World's super-rich grow by 7 percent

The global economy may only now be showing signs of waking from it post 2008 slumber, but The number of people classed as 'super-rich' continues to grow.

Bezos tops Forbes world's rich list as Trump wealth drops

Paris - Amazon chief Jeff Bezos is now the world's richest person, having snatched the top spot from Microsoft founder Bill Gates who slips to second place, according to Forbes magazine's annual billionaires list published Tuesday.

Number of billionaires worldwide jumps 10%: study

Geneva - The number of billionaires worldwide rose above 1,500 last year, a 10 percent jump from 2015, due largely to a surge in Asia, Swiss banking giant UBS and auditors PwC said Thursday.

Evergrande boss is wealthiest as China's rich get richer

Shanghai - The net worth of China's ultra-rich surged this year with Evergrande real estate mogul Xu Jiayin's $43 billion fortune catapulting him to the top, a survey released Thursday said.

Marcos kin offer gold, assets to Philippines: Duterte

Manila - Philippine President Rodrigo Duterte said Tuesday the heirs of late dictator Ferdinand Marcos had offered to return to the government some of the family's disputed wealth, including "a few gold bars".

Microsoft's Steve Ballmer wants his wealth to help U.S. families

Business Insider met with Ballmer at the Code Conference in Los Angeles to talk about his favorite philanthropy projects. He was all smiles, relaxed, and happy to talk.

Ukraine leader's wealth grows despite war, economic woes

Kiev - The value of Ukrainian President Petro Poroshenko's assets soared despite economic crisis and conflict while those of other tycoons shrank in an annual wealth list published Friday.

Asia's millionaires to become 'world's richest group'

Singapore - Asia Pacific millionaires are set to become the world's richest this year, a report said Wednesday, driven largely by wealthy individuals in India and China.The combined wealth of Asia Pacific's super rich will surpass its 2014 total of $15.

Iran leader criticises rich kids after deadly car crashes

Tehran - Iran's supreme leader Ayatollah Ali Khamenei criticised fast-driving wealthy youngsters Sunday for creating "psychological insecurity" on the streets after two high-speed accidents killed five people.

Apple CEO Tim Cook plans to donate his wealth to charity

Apple CEO Tim Cook has said that he plans to give much of his vast fortune away to charity in the near future, joining a list of tech executives including Bill Gates and Mark Zuckerberg who enjoy sharing their wealth with others.

New reports suggest that the rich are getting richer

According to recent data and news reports, it’s true that the rich are getting richer. While that revelation may not surprise many, the reason why could.

Census finds that billionaires are hoarding their wealth

The Billionaire Census conducted by Wealth-X and UBS has concluded that the world’s richest people are keeping their money in cash, rather than investing it.

Jack Ma of Alibaba becomes China's richest person

Shanghai - The largest stock offer in history has made Jack Ma, founder of e-commerce giant Alibaba, China's richest person with a fortune of $25 billion, an annual wealth ranking in the world's second largest economy showed Tuesday.

Money management expert Bruce Sellery offers tips on finance Special

Digital Journal's interview with finance expert Bruce Sellery, conducted over Twitter, shed light on tips and advice for anyone looking to better manage their money.

Op-Ed: The real wealth of nations is the health of nations

Hazel Henderson is a self-described political economist and writer whose work has been translated into 27 languages. Since the 1960s she has been an international consultant on issues related to the environment and social development.

U.S. household wealth above $80 trillion; boosted by stocks, housing

U.S. household net worth jumped to a new high at the end of last year, as the value of real estate and shareholdings rose and bank accounts swelled.

'Secretive' Chinese woman named world's youngest billionaire

Hong Kong - A 24-year-old Hong Kong-based woman has been named the world's youngest billionaire, replacing a Facebook co-founder and spurring gossip in the city.Perenna Kei, a graduate from the University of London who lives in Hong Kong, was ranked by Forbes as t...

Microsoft's Gates reclaims title as world's richest

Washington - The surging price of Microsoft shares returned US tech tycoon Bill Gates back to the top of Forbes's world's billionaires list, with his $76 billion beating out Mexico's Carlos Slim's $72 billion.The annual list, released Monday, counted 1,645 men and ...

Billionaire boom for Asia: Chinese survey

Beijing - Asia experienced a billionaire boom last year, with more than 200 people from the continent seeing their net worth pass into 10 figures, a Chinese publisher said Tuesday.A total of 824 Asians were included among the 1,867 people named as dollar billion...

As discontent grows, Singapore budget to tighten noose on the rich

Singapore is known as a tropical refuge for the world's wealthy, endowed with exclusive residential enclaves, a marina for super-yachts, two casinos and an annual Formula One race that brings in the gl...

China issues rules to limit bond investment by shadow bank products

China's central bank published rules on Thursday governing investment by wealth management products (WMPs) in the country's bond market, in a move aimed at containing risks posed by ban...

Study: Coming into money suddenly makes you more right-wing

A new study says that suddenly accumulating a lot of money (in the study's case, winning the lottery) leads to an increase in conservatism.

British banker in Singapore infuriates nation after mocking poor

Singapore - A British wealth manager living in Singapore is facing death threats, government criticism and anger among its citizens, after his Facebook posts about mixing with "poor people" on public transport and being reunited with his beloved Porsche went viral.

China leaders' kin 'stash riches in offshore tax havens'

Beijing - Relatives of top Chinese leaders including President Xi Jinping and former premier Wen Jiabao have used offshore tax havens to hide their wealth, according to a mammoth investigation released on Wednesday.
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U.S. Route 101 is an asphalt strip separating the wealth of Silicon Valley from East Palo Alto.
U.S. Route 101 is an asphalt strip separating the wealth of Silicon Valley from East Palo Alto.

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